Onin Staffing, LLC 401(k) Review & Grade
Onin Group 401(k) Plan
Birmingham, ALAdministrative, Support & Staffing Services780 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$782Employer $ per active participant
$1,248Employee $ saved per active participant
1.14%Direct admin cost, % of plan assets
$9.2MNet plan assets, end of year
$11,377Average balance per account
Score breakdown
- Employer generosity27.3 / 5055th percentile for employer $ per participant
- Low cost1.3 / 255th percentile for low admin cost vs. same-size plans
- Employee saving5.8 / 1539th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score44 / 100 · Grade D
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 55th |
| Lower admin cost | 5th |
| Employee saving | 39th |
| Peers that auto-enroll | 27% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Onin Staffing put in about $782 per active participant, more than the typical peer ($712). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (1.14% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $609,267 |
| Participant (employee) contributions | $972,439 |
| Other contributions (incl. rollovers in) | $25,947 |
| Administrative expenses paid from the plan | $97,594 |
| Contract administrator fees | $87,643 |
| Investment advisory & management fees | $5,101 |
| Other admin expenses | $4,850 |
| Benefits paid out | $1,366,509 |
| Net assets, start / end of year | $8.0M / $9.2M |
| Active participants, start / end of year | 777 / 782 |
| Participants with account balances | 805 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Morse & Co, PLLC. |
Largest service providers (Schedule C)
| Voya Retirement Insurance & Annuity | $92,933 reported compensation |
| Oneascent Financial Services LLC | $34,041 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013084415NAL0000389363001, received 2025-10-13, EIN 63-1180986, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.